Back to Balance
Why is this a problem?
Borrowing money costs money. The more we borrow, the more we pay. Deficits add to the debt.
Interest on the debt is already the fourth largest government expense, after health care, education, and community services.
Interest payments have cost us $10 billion in the last 10 years.
If government continues to borrow money at this rate, the province won’t have enough to pay for services like health care and education.
Borrowing more and more money to pay for services just isn’t sustainable. If we are to protect our health care, education, roads, and other vital services—something has to change.
Doing nothing is not an option.
